Global Inventory Robots Market 2019-2023: Increase in Automation by Retailers to Combat Competition - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 12, 2018--The “Global Inventory Robots Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The inventory robots market will register a CAGR of over 13% by 2023
Inventory robot companies are focusing on the development of user-friendly software solutions which are intuitive and allow the users to generate geospatial reports, planograms, and charts. Vendors are also offering fleet management tools that deploy, operate, monitor, and optimize the company’s inventory robots. Thus, the emergence of advanced fleet management and visualization software will be a key factor driving the growth of the inventory robots market during the forecast period.
Increase in automation by retailers to combat competition
Growth of the e-commerce industry, rising wages, and increasing rivalry in the retail industry have led retailers to adopt automation to enhance customer experience. To reduce losses due to misplaced products, and out of stock and overstocked merchandise, retailers are deploying inventory robots which can carry out effective audit of items in store shelf. Thus, to gain a competitive edge in the market, retailers are adopting robots for inventory management, which, in turn, is resulting in market growth.
High cost of deployment limiting the adoption by small retailers
The deployment of inventory robots requires a high initial investment which limits the adoption of these robots by small retailers. Apart from the high hardware costs, the cost of software, services, maintenance and operation also contribute to the high overall costs. Inventory robot vendors are offering robotics-as-a-service (RaaS) to encourage the adoption of these robots by small retailers. However, the high cost of deployment will continue to act as detrimental factor to the growth of the market during the forecast period.
The market appears to be concentrated with the presence of few companies including Bossa Nova Robotics, and Fetch Robotics. The competitive environment is expected to become quite intense during the forecast period due to the entry of new players in the market. Factors such as the increasing adoption of automation and robotics by retailers to gain a competitive edge over rivals, will provide considerable growth opportunities to inventory robot manufactures. Bossa Nova Robotics, Fetch Robotics, Keonn Technologies, MetraLabs, and SIMBE ROBOTICS are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY PRODUCTMarket segmentation by product Comparison by product Hardware - Market size and forecast 2018-2023 Solutions - Market size and forecast 2018-2023 Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic segmentation Geographic comparison Key leading countries Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGESMarket drivers Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPELandscape disruption Competitive scenario
PART 13: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/research/d7hw27/global_inventory?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005566/en/
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/12/2018 11:18 AM/DISC: 11/12/2018 11:18 AM